Kenneth E. Train

Kenneth E. Train (born November 14, 1951) is an Adjunct Professor of Economics at the University of California, Berkeley, United States. He is also Vice President of NERA Economic Consulting, Inc. in San Francisco, California. He received a Bachelors in Economics at Harvard and PhD from UC Berkeley. He specializes in econometrics and regulation, with applications in energy, environmental studies, telecommunications and transportation.

Kenneth Train has published three books and more than sixty articles. His most recent book, Discrete Choice Methods with Simulation, deals with Discrete Choice, a new area in econometrics. His software for mixed logit estimation, which is distributed free on his university website, has been used by researchers worldwide, and several commercial statistical packages have recently added mixed logit routines.

Books

 * Train, K., Discrete Choice Methods with Simulation, Cambridge University Press, 2003 2009:ISBN 978-0-521-76655-5
 * Train, K., Optimal Regulation: The Economic Theory of Natural Monopoly, MIT Press, 1991. Japanese language version, translated by Prof. Tetsuzo Yamamoto, Waseda University, and Prof. Tetsuo Kanesawa, Risho University, published by Bunshido of Tokyo, 1998
 * Train, K., Qualitative Choice Analysis, MIT Press, 1986

Recent Papers

 * A Control Function Approach to Endogeneity in Consumer Choice Models, with Amil Petrin, Journal of Marketing Research, forthcoming.
 * EM Algorithms for Nonparametric Estimation of Mixing Distributions, Journal of Choice Modeling, Vol. 1, No. 1, pp. 40–69, 2008.
 * Estimation on Stated-Preference Experiments Constructed from Revealed-Preference Choices, with Wesley Wilson, Transportation Research, Part B: Methodology, Vol. 42, pp. 191–203, 2008.
 * Vehicle Choice Behavior and the Declining Market Share of U.S. Automakers, with Cliff Winston, International Economic Review, Vol. 48, No. 4, pp. 1469–1496, 2007
 * Utility in Willingness to Pay Space: A Tool to Address Confounding Random Scale Effects in Destination Choice to the Alps, with Riccardo Scarpa and Mara Thiene, American Journal of Agricultural Economics, Vol. 90, No. 4, pp. 994–1010, 2008.
 * Water Supply Security and Willingness to Pay to Avoid Drought Restrictions, with David Hensher and Nina Shore, Economic Record, Vol. 82, pp. 56–66, 2006.
 * Households' Willingness to Pay for Water Service Attributes, with David Hensher and Nina Shore, Environmental and Resource Economics, Vol. 32, pp. 509–531, 2005.
 * Discrete Choice Models in Preference Space and Willingness-to-Pay Space, with Melvyn Weeks, Ch. 1, pp. 1–17, in Applications of Simulation Methods in Environmental Resource Economics, A. Alberini and R. Scarpa, eds., Springer Publisher: Dordrecht, The Netherlands, 2005.
 * Use of a Modified Latin Hypercube Sampling (MLHS) Method in the Estimation of a Mixed Logit Model for Vehicle Choice, with Stephane Hess and John Polak, Transportation Research Part B, Vol. 40, No. 2, pp. 147–167, 2006.
 * Mixed Logit with Bounded Distributions of Correlated Partworths, with Garrett Sonnier, Ch. 7, pp. 117–134, in Applications of Simulation Methods in Environmental Resource Economics, A. Alberini and R. Scarpa, eds., Springer Publisher: Dordrecht, The Netherlands, 2005.
 * Standard Error Correction in Two-Stage Estimation with Nested Samples, with P. Karaca-Mandic, Econometrics Journal, Vol. 6, No. 2, pp. 401–7, 2003.
 * Quasi-Random Simulation of Discrete Choice Models, with Zsolt Sandor, Transportation Research Part B, Vol. 38, pp. 313–327, 2004.
 * A Comparison of Hierarchical Bayes and Maximum Simulated Likelihood for Mixed Logit Customer-Specific Taste Parameters and Mixed Logit, with David Revelt On the Similarity of Classical and Bayesian Estimates of Individual Mean Partworths, with Joel Huber, Marketing Letters, Vol. 12, No. 3, pp. 259–269, August 2001.
 * Customer Choice Among Retail Energy Suppliers: The Willingness-to-Pay for Service Attributes, with Andrew Goett and Kathleen Hudson, Energy Journal, Vol. 21, No. 4, pp. 1–28, 2000. Winner of Award for Best Energy Journal Paper, International Association of Energy Economists, 2002.
 * Halton Sequences for Mixed Logit
 * Forecasting New Product Penetration with Flexible Substitution Patterns, with David Brownstone, Journal of Econometrics, Vol. 89, No. 1, pp. 109–129, 1998.
 * Mixed Logit with Repeated Choices: Households' Choices of Appliance Efficiency Level, with David Revelt, Review of Economics and Statistics, Vol. LXXX, No. 4, pp. 647–657, 1998.
 * Recreation Demand Models with Taste Variation over People, Land Economics, Vol. 74, No. 2, pp. 230–239, 1998.
 * Mixed MNL Models for Discrete Response, with Daniel McFadden, Journal of Applied Econometrics, Vol. 15, No. 5, pp. 447–470, 2000.